Chinese stock markets dropped by daily limit of 10%; share trading suspended as FX remains king LeapRate

July 08, 2015 BY Andrew Saks-McLeod

Chinese stock markets dropped by daily limit of 10%; share trading suspended as FX remains king

China's preference for FX was very much highlighted by LeapRate's recent investigation into China's large introducing brokers. With China's two major stock exchanges experiencing trading suspensions and stock depreciation at the rate of a falling girder, LeapRate provides an insight into the possible cause and effect and why FX is THE asset class for China

July 08, 2015 BY Andrew Saks-McLeod

Greece is only a minor rehearsal for the real Euro crisis, says William Hague

Former Leader of the House of Commons William Hague predicts that the Greek debacle is only the start of a fiscal catastrophe across the Eurozone, and that Spain and Italy are next as Britain's economy flourishes. He likens Greece to a burnt out room in a burning building

July 08, 2015 BY Mike Fox

First LIBOR trader charged to face trial says he only wanted "to do job perfectly..."

Tom Hayes, a former yen derivatives trader tied to LIBOR based in Tokyo, has pleaded not guilty to eight counts of conspiracy to defraud between 2006 and 2010 — an offence that can carry a 10-year jail sentence.

July 08, 2015 BY Mike Fox

South Africa and China sign MoU for Renminbi clearing

Both central banks agreed to coordinate and cooperate on the supervision, oversight and clearing of Renminbi in South Africa and also to exchange information in order to facilitate the continuous improvement and development of bi-lateral trade.

July 08, 2015 BY Mike Fox

U.S. Retail Forex assets up 1.18% in May; Interactive Brokers gains share...

Retail Foreign Exchange Dealers (RFEDs) in the U.S saw a slight bump up in assets held from April to May per data reported by the CFTC today. U.S. regulated RFEDs saw client assets slightly increase 1.18% during the month of May to $568 million, up from the $562 million reported in April. April was the second lowest total since record keeping began,…

July 07, 2015 BY Mike Fox

Fidessa’s Canadian clients can now access Bank of America Corp global trading suite

Fidessa's Canadian clients can now benefit from BofA Merrill’s global platform and expertise, along with its research capability.

July 07, 2015 BY Mike Fox

Tickmill unveils renewed IB program

Tickmill, a regulated Forex broker as a Securities Dealer by the Financial Services Authority (FSA) of Seychelles announced this week delivery of their renewed Introducing Broker (IB) Program that has already proven popular among the company’s clients because of its transparency and simplicity (the IB portal is built within the traders back office to make ease of access front and…

July 07, 2015 BY Mike Fox